32. Operating leases
The significant lease relates to the ITF offices in Roehampton, UK. The lease runs until February 2023 however it includes an
unconditional tenant-only break clause at February 2018.
33. Contingencies
There were no contingencies provided for at 31 December 2014.
34. Related parties
The ITF is a member organisation and undertakes routine transactions every year with its members such as subscription income and
prize money payable for team competitions. Where the Group enters into a transaction with a member organisation which is not
routine it shall be disclosed separately in the financial statements. No such transactions arose during the year.
2014 2013
$000 $000
Less than one year
596 578
Between one and five years 1,120 1,746
1,716 2,324
NOTES
(FORMING PART OF THE FINANCIAL STATEMENTS)
ITF FINANCIAL STATEMENTS 71
